CBOT wheat eases on pressure from ongoing harvest
CHICAGO, June 25 (Reuters) - Chicago Board of Trade wheat sank on Wednesday as it remained curbed by a strong production outlook across the Northern Hemisphere where harvesting is under way.
CBOT September soft red winter wheat WU25 settled down 7-1/2 cents at $5.44-1/2 per bushel.
K.C. September hard red winter wheat KWU25 fell 10-1/2 cents lower to end at $5.39-1/4 a bushel and Minneapolis July spring wheat MWEN25 finished down 13-3/4 cents at $6.28 a bushel.
Selling pressure ahead of the first notice day for the July wheat contract has also weighed on the market.
Grain traders are also turning their attention towards U.S. grain stocks and planting data due on Monday that are among the most closely tracked estimates in the market.
Consultancy Sovecon said on Wednesday it had slightly raised its forecast for 2025 Russian wheat production, citing improved crop conditions in parts of central Russia, as it joined other analysts in raising its outlook for the crop.
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